The challenges facing traditional banks over the last 12 months have proved to be golden opportunities for private lending.

The words “sophisticated capital”, “alternative capital”, and “private credit” once carried at least a hint of differing meanings. Those words would now, however, appear to have converged to reference non-bank (in its traditional sense) lending being extended directly to a borrowing business unit e.g., debt issued by private equity firms, specialty finance firms, hedge funds, and the like. READ MORE